The Skipton unveils new life and critical illness deals

Published on

The Skipton Building Society has introduced new life and critical illness products.

The new deals are available to Skipton mortgage customers and Skipton’s one million existing customers.

Life insurance pays a single cash lump sum in the event of someone passing away or being diagnosed with a terminal illness where they are anticipated to die within 12 months.

Skipton’s new insurance products are provided by AIG Life Limited and come with a flexible application process. Customers can choose to begin the easy-to-apply-for insurance over the phone, then complete it online at a convenient time. The service will also be available in Skipton’s UK branch network from 11 September.

Maitham Mohsin, the Skipton’s head of savings and partnerships, said: “Life and critical illness insurance is a form of comfort that we should all have but hope to never need. So we’ve tried to make this as easy and effortless as possible for our customers.

“Latest statistics show that one in two of us will be diagnosed with cancer at some stage in our lives. So it may be something that no-one likes to think about, but life insurance provides peace of mind that your family can manage if you were no longer there to provide financially for them. In AIG we have selected a partner that demonstrates a real human approach and empathy towards customers. Our customers can also be reassured that should the worst happen and they need to claim, AIG paid out on 99% of their life insurance claims and 94% of their critical illness claims in 2018.”

Nicola Dryden, partnerships director at AIG Life, added: “It’s a truly selfless act when customers buy life insurance because the people who ultimately benefit are the loved ones they leave behind. And Skipton Building Society’s philosophy is to always do right by its customers and members long-term. Customers who buy this simple, easy to understand insurance can gain comfort that with AIG and Skipton working together, we will be there to help their families when they need it most.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...